The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-28
GOLD AND SILVER.
The Coinage of the Past Year-The Stock of
Coin In the Country.

The Coinage of the Past Year-The Stock of
Coin In the Country.
WASHINGTON. Nov. 2Z.-Dr. James P. Kim
ball, director of the mint, has submitted to the
Secretary OF the Treasury his annual re-
port of the operations of the mints
and assay Offices for the fscal year ended
June 3O 1881 The value OF the gold
and silver received at the mDts and assay off,
ces during the year greater than in any
previous year since 1881. Tho value of the gold
deposited was Sos 223, 013 In addition. there
were re-depoeits of the value of s15. l93. 706,
making the total value of the gold deposited
$50, ,416. 779, against $40. COG. 534 in 1886. Tho
value Of the silver deposited and purchased was
SAT, 756 9ls. In addition, there were re-deposits
of silver amounting to s462.l making the total
value of tie silver deposited and purchased.
calculated at the coming rate $4s PIG 031 against
s37 9I7, ,C26 in the proceeding year. OF the gold
posted, S32 973, OPT was of domestic produc-
ton, $22 57l 1928 of foreign gold bullion. So $780,
5l2 of foreiRo gold coin. s5l6.9S4 of United
States gold CON- and g, 265. 2l9 of old material
the coinage of the year aggregated in round
numbe S22. 500. 600 in gold pieces, S34 250 900
in silver, and 81. 100000 in minor coin. The
total coinage aggregated s57. 703.413. In ad-
ditto TO the coinage. $5S 000 0G0 worth of gold.
and Sc, 600. 600 of silver bars manufactured.
The silver bullion purchased during the year
for silver dollar coinage WAS $29, 433. 342 The
average cost was 98 cents per fine ounce The
average London price for the y-ar o. IA
per ounce. decline IN the price of silver.
August, when it reached ~ pence. The price
commenced to advance in August. 1886. and
continued with slight fluctuations until
it reached Its highest point. on Jan. %. 1857
AT pence. equivalent to S103.3 per
fine. Another decline commenced in January,
continuing until June, the average price for the
The price Nov. ], 1887. 96.3 cents per
ounce fine. During the year, 33. 266. 83I standard
silver dollars coined, 10. 90l. .92S dis
tributed from the minss and 10, SOC, 900 trans
ferred to the treasury. The segnorage the
silver dollars coined during the year was ST.,
923.55S. and on the subsidiary silver $3l, ,704.
The seignorage the coinage of silver from
July 1. 1873. to June 80. 1887. $39, 9,O57,5 566
The number of trade dollars redeemed under
the law authorizing their redemption was ST.
689, ,036 The trade dollars redeemed have all
been transferred TO the mints or the assay Office
at New York, and melted into bars ready for
coinage.
The expenditures for the service of the mints
and assay offices during the year WAS ST.
lS9, 500. The total earnings from all
amounted TO $S, S42, ,S19. ana the total expenses
and losses of all kinds to ST. ,437. 49, The value
Of the gold and silver bars issned from the
United States assay Office at New York and the
mint at Philadelphia for in the industrial
arts during the year, was SS, ,S93. 40 gold. and
s4. All 646 silver. Gold coin and bullion EXPORTS
during the year aggregated 50. 70l, 187, while the
imports reached S42. COL; silver bullion and
coin exports aggregated $40, 296, 504. and inn
ports reached $l7.260 19L
The director estimates the stock Of coin in
the United States tc have beeu on the LIST of July,
1887 gold S569. 00S, ,065; silver. $342 537 916 to-
tai, s9l1 1,545, 9Sl. In addition. there was bullion
in the mint follows: Gold. S85. .512 270 silver,
$40, 455 $50; total. S95. .967. 800 THE. added to
the stock OF coin. gives the total metallic
stock July /. 1887 gold. $654, $50, ,335; silver,
1852 993 566 total, s.. .007, ,5l3 90l The director
estimates ths stock of gold and silver coin in the
United States Nov. 1. 1887. to have been:
Gold $574 927S73 silver dollars. 1927. .ll0.1 157:
subsidiary silver, S75. .75S. 1885, total coin, S927
79G,216